Millbrae Community Foundation A California Non Profit Benefit Corp
- Assets
- $82.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Millbrae, CA
- Founding
- 02/2001
- Data as of
- 06/2023
- EIN
- 94-3331393
Organization Overview
Millbrae Community Foundation A California Non Profit Benefit Corp is located in Millbrae, CA. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millbrae Community Foundation A California Non Profit Benefit Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Millbrae Community Foundation A California Non Profit Benefit Corp generated $50.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $405.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EXPANDING SERVICES AND PROGRAMS FOR YOUTH, ADULTS AND SENIORS AND TO SECURE FUNDS FOR CAPITAL IMPROVEMENT PROJECTS THAT WILL ASSIST WITH THE IMPLEMENTATION OF THESE PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Fama President | 1 | $0 | |
Lynne Ferrario Vice President | 1 | $0 | |
Kristine Baltasar Corresponding Secretary | 1 | $0 | |
Maureen Davis Recording Secretary | 1 | $0 | |
Catherine Quigg Co-Treasurer | 1 | $0 | |
Joe Teresi Co-Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,630 |
| Total Program Service Revenue | $2,500 |
| Membership dues | $0 |
| Investment income | $2,238 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,368 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,621 |
| Total expenses | $405,671 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,223 |
| Other assets | $0 |
| Total assets | $82,223 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,223 |
Grants Awarded
Over the last fiscal year, Millbrae Community Foundation A California Non Profit Benefit Corp has awarded $2,719,367 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MILLBRAE PURPOSE: MRC RESTORATION PROJECT. CONSTRUCTION COSTS | $2,716,367 |
LIFE MOVES PURPOSE: GENERAL SUPPORT | $3,000 |